Economic Archives - constructconnect.com Canada's construction news Fri, 05 Dec 2025 16:25:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://cc-production-uploads-bucket.s3.amazonaws.com/uploads/2021/10/cropped-favicon-32x32-1-32x32.png Economic Archives - constructconnect.com 32 32 More than 200 projects delivered during Edmonton’s 2025 construction season /joc/news/economic/2025/12/more-than-200-projects-delivered-during-edmontons-2025-construction-season Mon, 08 Dec 2025 12:00:20 +0000 /?p=502877 EDMONTON — The City of Edmonton is reflecting on its 2025 construction season, where more than 200 infrastructure projects were delivered across the city. “Edmonton is one of Canada’s fastest-growing cities,” said Mayor Andrew Knack in a statement. “As we welcome more new residents, the city is planning and building the infrastructure needed to support […]

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]]> West Fraser to curtail High Level, Alta., mill; 190 jobs affected /joc/news/economic/2025/12/west-fraser-to-curtail-high-level-alta-mill-190-jobs-affected Fri, 05 Dec 2025 14:06:36 +0000 /?p=502835 VANCOUVER — West Fraser Timber Co. Ltd. says it plans to indefinitely curtail work at its northern Alberta mill.   The move is expected to affect 190 employees, but the Vancouver-based wood products company says it will try to find them work at its other operations.  West Fraser says the cuts at the High Level […]

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]]> Arcadis, Spanier Group form alliance to drive ‘people-centered’ projects /dcn/news/economic/2025/12/arcadis-spanier-group-form-alliance-to-drive-people-centered-projects Fri, 05 Dec 2025 11:25:32 +0000 /?p=502660 TORONTO – Design and engineering firm Arcadis has announced a strategic alliance with Spanier Group, a Toronto-based real estate advisory and development firm, that aims to accelerate the delivery of people-centered destinations, social infrastructure and city-building projects. Their efforts will also advance Ontario and Canada’s mandate for community-driven housing across Toronto, the Greater Golden Horseshoe […]

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]]> Enbridge expects growth for 2026 as new projects enter service, raises dividend /dcn/news/economic/2025/12/enbridge-expects-growth-for-2026-as-new-projects-enter-service-raises-dividend Fri, 05 Dec 2025 11:20:20 +0000 /?p=502657 CALGARY, ALTA. — Enbridge Inc. is raising its dividend and targeting a four per cent bump in earnings and cash flow next year, along with $10 billion in growth spending. “We are forecasting another year of steady and predictable growth driven by new projects entering service, as well as strong utilization and optimization of existing […]

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]]> Despite U.S. trade war, OECD expects global economy will grow 3.2% this year /dcn/news/economic/2025/12/despite-u-s-trade-war-oecd-expects-global-economy-will-grow-3-2-this-year Fri, 05 Dec 2025 11:05:49 +0000 /?p=502624 WASHINGTON — The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development (OECD) said recently, upgrading its outlook for global and U.S. economic growth this year. The 38-country OECD now forecasts that the world economy will grow 3.2% this year, down a […]

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]]> AtkinsRéalis Group acquires Australian engineering firm ADG Capital /dcn/news/economic/2025/12/atkinsrealis-group-acquires-australian-engineering-firm-adg-capital Fri, 05 Dec 2025 11:00:11 +0000 /?p=502620 MONTREAL — AtkinsRéalis Group Inc. says it has acquired ADG Capital Pty Ltd., an Australian engineering consulting firm. Financial terms of the deal were not immediately available. Founded in 2002, ADG specializes in structural and civil engineering and construction services. AtkinsRéalis says the addition of ADG’s approximately 250 professionals to its existing team in Australia […]

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]]> Budget office sees modest boost in housing supply from Build Canada Homes /dcn/news/economic/2025/12/budget-office-sees-modest-boost-in-housing-supply-from-build-canada-homes Thu, 04 Dec 2025 11:10:54 +0000 /?p=502558 OTTAWA — The parliamentary budget office projects Ottawa’s new housing agency will fill only a small gap in the housing market. The Liberals launched Build Canada Homes in September and tasked the new federal agency with boosting the total stock of affordable housing with $13 billion in funding for loans, financing and land acquisition. But […]

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]]> Housing starts in much of southern Ontario down in first nine months of 2025: report /dcn/news/economic/2025/12/housing-starts-in-much-of-southern-ontario-down-in-first-nine-months-of-2025-report Thu, 04 Dec 2025 11:00:37 +0000 /?p=502543 TORONTO — The Residential ion Council of Ontario says housing starts in the Greater Toronto Area and broader Greater Golden Horseshoe region declined significantly in the first nine months of 2025 relative to recent years. A report by the University of Ottawa’s Missing Middle Initiative, which was commissioned by the council, said housing starts were […]

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]]> Algoma Steel highlights new strategy after layoffs as it looks to lower costs /dcn/news/economic/2025/12/algoma-steel-highlights-new-strategy-after-layoffs-as-it-looks-to-lower-costs Wed, 03 Dec 2025 11:35:21 +0000 /?p=502516 SAULT STE. MARIE — A day after his company announced plans to let go of more than 1,000 workers, the CEO of Algoma Steel said Tuesday he recognized the need to accelerate the company’s plan to lower its costs well before U.S. tariffs came into play.  Michael Garcia said in a media statement the strategy […]

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]]> Economic reconciliation intertwined with Ontario’s Indigenous infrastructure gap: Report /dcn/news/economic/2025/12/economic-reconciliation-intertwined-with-ontarios-indigenous-infrastructure-gap-report Wed, 03 Dec 2025 11:25:28 +0000 /?p=502493 TORONTO – Ontario’s Indigenous infrastructure gap is threatening economic reconciliation, a new report from the Ontario Chamber of Commerce (OCC) and the Canadian Council for Indigenous Business finds. The fourth and final report in the A Way Forward series, titled Lands and Infrastructure: Ontario’s Path Towards Economic Reconciliation, Equity, and Inclusive Growth, highlights the urgent need […]

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]]> Office-to-residential conversions break out in 2025 /dcn/news/economic/2025/12/office-to-residential-conversions-break-out-in-2025 Wed, 03 Dec 2025 11:05:24 +0000 /?p=502361 Few construction trends gained as much traction across Canada and the United States this past year as office-to-residential conversions. In the United States, the number of conversions underway skyrocketed from 23,100 units in 2022 to over 70,000 units at the start of 2025, according to a report published by RentCafe. In Canada, Calgary in particular […]

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]]> Canada’s economy rebounds in third quarter with 2.6% growth /dcn/news/economic/2025/12/canadas-economy-rebounds-in-third-quarter-with-2-6-growth Tue, 02 Dec 2025 10:32:51 +0000 /?p=502222 OTTAWA – The Canadian economy topped expectations with a sharp rebound in the third quarter as a stronger trade balance helped fuel the recovery from a tariff-driven contraction. Statistics Canada said real gross domestic product rose 2.6 per cent on an annualized basis in the third quarter of 2025. That’s well above expectations from both […]

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